Finance

Market is overreacting to trade war ‘theater,’ Robert Shiller says

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Nobel laureate Robert Shiller sees the U.S-China trade war creating more stock market jolts.

But he suggests it’s not because fundamentals are out of whack. Rather, Shiller blames an overreaction to the drama surrounding the negotiations.

“I think of it as theater. We have two strong politicians, Xi and Trump,” the Yale University economics professor told “Trading Nation ” on Wednesday. “This is a human interest story which bleeds over into the markets.”

Since President Donald Trump’s series of tweets on May 5 threatening new tariffs, stocks have been on a roller-coaster ride. It hit a climax on Monday when the Dow dropped more than 600 points before rebounding over the next two…



Source cnbc.com

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